Lael Brainard, Nominee for Fed Vice Chair, Calls Inflation ‘Too High’

Written by on January 13, 2022

Lael Brainard, a Federal Reserve governor who President Biden has nominated to be the central bank’s new vice chair, told lawmakers that the central bank will use its policies to wrestle inflation under control in prepared remarks for her confirmation hearing Thursday.

Ms. Brainard, who is facing vetting before the Senate Banking Committee, is likely to garner considerable support among Democrats and may pick up some Republican votes, though how many are unclear at this point.

Her nomination — and her new role . . .

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